Color Kinetics Incorporated (Nasdaq: CLRK) has announced the pricing of its initial public offering of 4,000,000 shares of common stock at $10 per share, all offered by Color Kinetics. The stock began trading on the Nasdaq National Market on June 22 under the symbol “CLRK.”
The managing underwriters of the offering are CIBC World Markets Corp. and Needham & Company, Inc., acting as joint lead managers, Friedman, Billings, Ramsey & Co., Inc. and ThinkEquity Partners LLC. Color Kinetics has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares to cover over-allotments, if any.
A registration statement has been filed with the Securities and Exchange Commission and was declared effective on June 22. Copies of the final prospectus will be available from CIBC World Markets Corp., 425 Lexington Avenue, New York, NY 10017, telephone: (212) 856-4000.